512 N 9th Ave N, Lake Worth, FL 33460

Located east of US-1 in Lake Worth Beach, this fourplex offers in-place income with value-add potential. The property features a unit mix of one 2BR/1BA unit rented at $1,950 per month with a lease through 12/31/2026, one 1BR/1BA unit rented at $1,700 per month with a lease through 11/30/2026, and one studio rented at $1,350 per month with a lease through 12/31/2026. One studio is currently vacant with a market rent of approximately $1,350-$1,500 per month. The roof was replaced in 2022. The property includes four separate electric meters and parking for four vehicles, plus street parking. Six on-site coin-operated laundry machines provide additional income potential. The property is conveniently located near a K-8 school, downtown Lake Worth Beach, shopping, dining, and the beach. Property values in Lake Worth Beach have shown steady appreciation due to ongoing redevelopment, infrastructure improvements, and continued demand for rental housing. Its location east of US-1 is especially desirable due to proximity to the Intracoastal Waterway, beaches, golf course, dining, shopping, and entertainment. The city's combination of coastal lifestyle, strong rental demand, and comparatively attainable pricing relative to other Palm Beach County markets positions it for continued long-term growth. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 45, indicating it is car-dependent.